On a normal week I average 65 hours a week. Here’s Exactly What to Write to Get Top Dollar, How To Follow Up After an Interview (With Templates! Read employee reviews and ratings on Glassdoor to decide if Quicken Loans is right for you. Overwhelming amount of work and information expected in a ridiculously short period of time. Quicken Loans offers fixed-rate, cash-out refinance loans in terms of up to 30 years, which enable you to tap your home’s equity for home renovations or debt consolidation. How are the working hours at Quicken Loans? Work schedule changed on a daily basis, no regards to work/life balance. A free inside look at company reviews and salaries posted anonymously by employees. High turn over rate, which is the reason they hire bankers in such large quantities. We re disappointed to hear about your experience and would like to discuss specifics further as we are always looking for ways to improve. Is Indeed your favorite place to learn about companies? No consideration for people that have family values and care about work life balance. Thank you for your review. Work most weekends. We are happy that you enjoyed working here and met such amazing people! Quicken Loans Mortgage Points. Help them out by rating your employer. I loved QL but I wish they helped me out when I ask for it. We are committed to our team members and their experience with us here at Quicken Loans so we are glad you enjoy our work environment and we understand that there is always room to improve. Mortgage Loan Officer (Current Employee) - Phoenix, AZ - January 21, 2019 Quicken Loans is a wonderful company to work for with a lot to offer but the hours are unrealistic. The greatest aspect of Quicken Loans, perhaps rivaled with it's compensation, is the family like culture of Quicken Loand. Quicken Loans has great reviews because… Quicken Loans has great reviews because if you know that they suck and don't close your loan, they don't let you leave a review. Will warn everybody before they start working there. But when they keep raising your goals each month you are essentially being paid less for more work. An amazing company with a great since of culture and great compensation. Lots of hours, tough for parents. Quicken Loans In business for over 35 years, this company makes it almost a pleasure to apply for your refi and get it closed in record time - and they also offer award-winning servicing after your mortgage is funded. If you are looking for an incredible place to work and have no desire for a home life then mortgage loan originator is for you. How to apply for a mortgage with Quicken Loans. Thank you for your review. say women are treated fairly and equally to men. Can be stressful and performance is important. BTY they are the most expensive and inept mortgage lender in the USA Consistent incentives. Now I'm a licensed MLO and I'm not even selling loans. Are you sure you want to remove this review from being featured for targeted profile? Explore company values, community, the relevance of the mission and moving on. If you decide not to go ahead with your Quicken Loans mortgage, you may get a full refund, minus any costs Quicken Loans has incurred in the process of working on your loan. Very toxic at times with how much leadership pressures you to work. The only thing that holds you back is yourself. The same people with no work experience or degree that get this job and could make 6 figures often leave within 3-6 months. cult-like mentality where they always need to mention how great it is, despite the high turnover rate from people quitting of exhaustion. Quicken Loans. Quicken Loans Loan Officer reviews: QL Sucks. Plan to give 130% , as you will spend lots of time here. If you have bad credit will Quicken Loans hire you? I loved working at QL . There is a reason no one seems to work here longer than 2 years. you will earn your pay, but you will be rewarded for your hard work and efforts. How to Answer: What Are Your Strengths and Weaknesses? Check out her interview with PowerToFly. They made working there fun and never dull. Just recently the company gave EVERY. Great Place to Work, Be Ready to Commit. The management is great, the environment is great, but if you want to have any kind of a work/life balance, this is not the place to do it. They go above and beyond to make sure every employee has the tools they need to succeed in a very competitive industry. Bad, Very Bad. Fairygodboss provides free job reviews for women, by women. I loved the people I worked with at Quicken Loans. Rocket Mortgage by Quicken Loans is a leading online mortgage lender. Company will pay any and everyone 6 figures a year no problem. They want you push harder each day. Whether you want to do your mortgage refinancing 100% online, strictly with a loan officer, or a mixture of both, Quicken Loans has you covered. Whether you want to do your mortgage refinancing 100% online, strictly with a loan officer, or a mixture of both, Quicken Loans has you covered. Are you sure you want to replace it? I have been working at Quicken Loans full-time, I have been working at Quicken Loans full-time for more than 3 years, Great benefits Lots of information given in a short period of time that you have to memorize. Ask a question about working or interviewing at Quicken Loans. Four years into her career at Rocket Mortgage, Bianca’s a Director in Mortgage Banking and leads a team of 17 bankers. Our marketing team at Quicken Loans was just ranked as one of Ad Age’s Best Places to Work for 2021! Thank you for your review. Our community is ready to answer. Quicken Loans fun atmosphere was such an amazing place to work at. I wish they would have done things differently for new hires. The pipeline of taking constant calls all day and not being about to work on your current one was insane. I acquired several skills in salesmanship, organization, and detail orientation in a fast paced work environment. Little work to life balance. all the coffee, drinks and snacks you can handle. Before working at Quicken I was very happy and motivated, but had to be prescribed anti-depressants and was losing myself. A mortgage point costs 1 percent of the loan’s value and can lower your interest rate by 0.25 percent. Rocket Mortgage overview. 109 Quicken Loans reviews. I have been working at Quicken Loans full-time for less than a year. Quicken Loans has helped over 2 million families finance their homes. Great Benefits, Cool work atmosphere. Thank you for your review. It is hard work for sure, but it's ok if you are prepared for it. Copyright © 2008–2021, Glassdoor, Inc. 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Let's face it: no two homebuyers are the same. Get weekly updates, new jobs, and reviews, The most useful review selected by Indeed. Pay was good, consistent bonuses. Bankers constantly quit because of the terrible work life balance. The sky is the limit with this company. It is for sure quantity over quality. In many states, Quicken Loans lets borrowers buy mortgage points, or “discount points” to lower their mortgage’s interest rate which can have a long-term positive impact on keeping money in your wallet. Very high turnover rate would be the understatement of the century. If you work an 8 hour day it’s considered a short day. The atmosphere and camaraderie is second to none. Key to this is the Rocket Mortgage app that allows 24-hour access to your loan and refinance options, meaning you can manage your account when and wherever you like. Just make sure you have no value for family or care about spending any time with them that is. Amazing benefits, base pay plus commission, great culture, Mandatory 6 days a week schedule, little to no work life balance. Very good place to work great benefits and lots of opportunity. The lender has an A+ rating … By all means some people are built different that can be married or even have kids and their priorities are to go after every penny in life and block out spending time with them. Regardless of how you start your application, you’ll eventually need to apply through a loan officer. We genuinely appreciate your honesty as we are committed to our team member experience and will continue to improve our work-life balance. Great pay, great culture, great benefits. You're what you make yourself. Micro management on a whole other level, I worked at Quicken Loans full-time for less than a year, Training, management, co-workers, benefits, commission, Hours, turnover rate, no work life balance, Great earning potential, great work environment, You will work 70 hour weeks to meet goals, Do you want to work for a company where you’ll make an impact every day? 72 Quicken Loans Reviews ... "I worked for a short time with Quicken Loans mortgage services as a mortgage banker when I left my IT Project Coordinator contract position with Centria Healthcare to try something new in my career and gain additional knowledge and skills ... Quicken Loans: Mortgage Loan Officer - Cleveland. The compensation model is awful. long hours, management is not very helpful, you're just another statistic to them. No matter the tenure or seniority, you're still respected, and you have all the tools to make yourself great. They pay you "overtime" but because you are salary it ends up being less than $4 an hour for anything over 40, which believe me, you will be working o/t. Leaving quicken was one of the hardest decisions I ever had to make. 8 Questions You Should Absolutely Ask An Interviewer, "Good pay, little to no work life balance". Learn about Quicken Loans culture, salaries, benefits, work-life balance, management, job security, and more. I would never have it any other way. There is no point you get to where you are doing a good enough job. Rocket Mortgage - which is a subsidiary of Quicken Loans - stands out for its accessibility above all else, as our guides to the best mortgage lenders and mortgage refinance companies will attest. Waste of my time. Learn more about Quicken's loans, rates and fees. Great benefits, fair pay, fantastic culture. I thought I could do it, but ultimately quit. We are committed to our team member experience and will continue to improve our work-life balance. In business for over 35 years, this company makes it almost a pleasure to apply for your refi and get it closed in record time - and they also offer award-winning servicing after your mortgage is funded. Quicken Loans has a program called Rocket Mortgage, which is the main platform they use for online mortgage applications. Thank you for taking the time to write this review. Most days are 12 hour shifts with not enough good leads, and then management gets on you for not being able to meet their goals. A free inside look at company reviews and salaries posted anonymously by employees. 87%say women are treated fairly and equally to men. You really feel important and there are several resources available to assist in your growth. Bait and Switch Company. Whether you want to do your mortgage refinancing 100% online, strictly with a loan officer, or a mixture of both, Quicken Loans has you covered. Compare home loan options and apply online with Rocket Mortgage. Plan on dedicating 6 days out of the week working here (at least 65hrs a week) plus having tasks to complete before and after the work day. 422 Quicken Loans reviews. You can have an opinion, and not feel scared or have your career threatened. Good place to get your feet wet and get licensed. Quicken Loans provides world class training. Especially us single parents. A free inside look at company reviews and salaries posted anonymously by employees. Among them you’ll find: Fixed-rate mortgages – Available in terms of 15 and 30 years, Quicken’s fixed-rate mortgages are the standard in the industry. Headquartered in Detroit, Quicken Loans has provided more than two million American families with mortgages. Quicken Loans is rated five out of five in the 2019 J.D. You may also be able to get an adjustable-rate refinance loan through Quicken Loans, depending on the type of loan program you select. FHA cash-out refinance loans. For a single person coming out of college this is a great start to a career, to be able to work 60-70 hours a week and have a realistic chance at making 100k a year is great. Hence why I am on here writing this, seeking something that will allow me to see my kids more than one day a week. Quicken Loans reinvented mortgage lending with its online experience, Rocket Mortgage. We take great pride in our training programs and are so glad that is reflected in your experience. Glassdoor has 2,570 Quicken Loans reviews submitted anonymously by Quicken Loans employees. Look For Quicken Loans Mortgage Loan Officer Reviews Mortgage Calculator Piti Bradley Betts Caliber Home Loans Black Horse Home Improvement Loans Better Rate Mortgage Boi Mortgages Contact Best Variable Investment Home Loan Rates Boa Home Equity Loan Status Boq Home Loan For Doctors Bigpond Home Loans Uk Bmo Commercial Mortgage . Quicken Loans has a reputation as a heavy-hitter in the mortgage space. The people around you make the work place more enjoyable and make you look forward to coming in. I'm truly grateful to have had the pleasure to work at the largest and number one rated mortgage lending company in the United States. Here For You During COVID-19 Thank you Dan Gilbert, and Jay Farner, and the rest of the people who made it possible to work at such an amazing place, and help the most amazing clients. You work all the time - but it is well compensated for. On average, how many hours do you work a day at Quicken Loans? None that are worth the amount of work you put in, Work/life balance doesn't exist, unhealthy work environment, pay is little, etc. SINGLE. Thank you for your review. Read her story, why representation matters and advice for women who are interested in careers like mortgage banking. You will work more than 65, but only be compensated for 65(per week). People rely on reviews to make better decisions. Absolutely no work-life balance. Your response will be removed from the review – this cannot be undone. Quicken Loans lets you apply for your mortgage completely online, entirely with a loan officer, or a blend of both. They trained me to get my licenses, but all the information was crammed in 30 days so it was insanely stressful but you adjust. When it came time to finally start working on loans, we had transitioned to remote work at home due to Covid so I did not get the full training experience and felt like I did not get enough support. Also pay for same position is higher almost everywhere else. A free inside look at company reviews and salaries posted anonymously by employees. You will never work less than 60 hours a week. Have to choose between earning a lot or having time to do things with your life. EMPLOYEE a computer to work from home, keep assisting our clients, and to continue to make a living. They say you can transfer but I get lied to every time I try due to hours, I worked at Quicken Loans full-time for more than a year. The platform is pretty awesome - you can enter your information quickly and easily, and their tool actually allows you to connect your bank or brokerage to automatically import your account information. You will get burned out so quick. On average you get around $50 a loan you write which can add up. This just in! We are so glad that you enjoyed working with us as we take pride in our team member experience so we are happy that is being reflected! I would rate the management high for being present and available since they are with you everyday at the office. What is the most stressful part about working at Quicken Loans? 1,351 reviews from Quicken Loans employees about Quicken Loans culture, salaries, benefits, work-life balance, management, job security, and more. 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